Factom: The Bitcoin 2.0 Tool Changing The Way Companies Keep Records
Factom is one of those ideas that just seems too crazy to be real, yet simple enough to be feasible. This company, built on the bitcoin blockchain, seeks to turn record-keeping into an automated, simplified process. The way Factom hopes to accomplish this goal is by focusing on the hashes in the blockchain. Their process is currently in testing, but Factom puts data into hashes and stores it on the blockchain. The information is accounted for, and every time the record is changed a new hash is stored. If there’s any tampering with information previously accounted for, the change shows up....
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Factom is perhaps the most anticipated project in the cryptocurrency ecosystem for 2015. Factom promises to introduce new blockchain based software that will bring developers the tools to build a new generation of applications using the blockchain technology while making it available to every type of organization. Factom introduced the first functional blockchain technology that provides an unalterable and safe record-keeping system. By using another data layer on top of the Bitcoin blockchain, the Factom protocol can secure millions of real-time records in the blockchain with a single....
Last week The Factom Foundation released its latest project development news update. Factom is this year's most awaited project in the cryptocurrency space. The concept behind Factom is a very innovative one since it enables company's to use the technology without ever owning cryptocurrency. Factom is a distributed, decentralized protocol running on top of Bitcoin. The software is open source, and anyone is free to use it for any purpose. The Factom network gives developers the tools to build a new generation of applications that use blockchain technology. Factom uses a data layer on top....
One of the cool things about the bitcoin blockchain is the amount of possibilities it entails. Bitcoin isn't just a financial asset; it's a piece of technology that changes everything. One company is building a business on record keeping by utilizing the blockchain. The company of focus is called Factom. Factom is am open-source Bitcoin 2.0 blockchain based company using the technology for non-monetary purposes. Also Read: Factom Whitepaper Released: New Service Leverages Bitcoin Blockchain. Factom and the Future of Blockchain Technology. There are so many possible problems with....
Blockchain-based company Factom has announced it will soon secure medical records on its platform. The firm received a grant from the Bill & Melinda Gates Foundation to provide immutable and easily accessible records. Gates Foundation Grant to Produce Distributed Medical Database. Factom, the blockchain as-a-service (BaaS) technology company, has....
Blockchain technology company, Factom, which builds interfaces that plug into existing systems and enable interaction, has collaborated with financial data feed company, Intrinio to put Wall Street on the Factom blockchain. Building reliable financial applications. The collaboration is said to enable data for the 3,000 most valuable US stocks to be published into the Factom blockchain every 15 minutes. Factom claims, following this development, to have moved ahead of the majority of establishments within the blockchain industry. This claim is backed by the fact that it uses real data that....